EIA Report Date 11/25/20
Crude Oil, Gasoline, Distillate, Total Stocks – EIA Week # 47
Crude Oil -754
Gasoline +2,180
Distillate -1,441
Total Stocks -15
Crude Oil
Measuring the change in stocks over the previous 5- and 10-year periods prior to today’s report, the build+/draw- ratio was +3 / -2 vs. +7 / -3. If a build, the 10-Year average change was +2,281 or if a draw, the average change was -1,677 with an overall average change of +1,094. Today’s report reflected a draw- of -754.
- Measuring the previous 10-years plus today and ranked high to low, today’s Ending Stocks ranks as number 2 of 11. Ending Stocks are now +87,614 or +22% above the 10-Year average.
- Including today’s report there have been 7 builds+ and 4 draws-. Ranked high to low, this week’s draw- ranks as number 3 of 4.
- Futures change in price as measured open to close, the day of the report, had an Up+ / Dn- ratio of +1 / -3 vs. +3 / -6. Futures change in price as measured from today’s close to next week’s report day open (T+1W), had an Up+/Dn- Ratio of +2 / -3 and +5 / -5.
- As of today’s report, the number of consecutive weeks Change in Stocks were either Up+ or Dn-, and the accumulated change in stocks since the sequence began is: -1 with a cumulative change of -754 or -.2%.
Gasoline
Measuring the change in stocks over the previous 5- and 10-year periods prior to today’s report, the build+/draw- ratio was +4 / -1 vs. +9 / -1. If a build, the 10-Year average change was +2,569 or if a draw, the average change was -764 with an overall average change of +2,236. Today’s report reflected a build+ of +2,180.
- Measuring the previous 10-years plus today and ranked high to low, today’s Ending Stocks ranks as number 1 of 11. Ending Stocks are now +15,536 or +7% above the 10-Year average.
- Including today’s report there have been 10 builds+ and 1 draws-. Ranked high to low, this week’s build+ ranks as number 6 of 10.
- Futures change in price as measured open to close, the day of the report, had an Up+ / Dn- ratio of +2 / -3 vs. +6 / -4. Futures change in price as measured from today’s close to next week’s report day open (T+1W), had an Up+/Dn- Ratio of +1 / -4 and +3 / -7.
- As of today’s report, the number of consecutive weeks Change in Stocks were either Up+ or Dn-, and the accumulated change in stocks since the sequence began is: +2 with a cumulative change of +4,791 or +2.1%.
Distillate
Measuring the change in stocks over the previous 5- and 10-year periods prior to today’s report, the build+/draw- ratio was +5 / 0 vs. +6 / -4. If a build, the 10-Year average change was +2,164 or if a draw, the average change was -1,164 with an overall average change of +833. Today’s report reflected a draw- of -1,441.
- Measuring the previous 10-years plus today and ranked high to low, today’s Ending Stocks ranks as number 3 of 11. Ending Stocks are now +13,693 or +11% above the 10-Year average.
- Including today’s report there have been 6 builds+ and 5 draws-. Ranked high to low, this week’s draw- ranks as number 3 of 5.
- Futures change in price as measured open to close, the day of the report, had an Up+ / Dn- ratio of +1 / -4 vs. +4 / -6. Futures change in price as measured from today’s close to next week’s report day open (T+1W), had an Up+/Dn- Ratio of +1 / -4 and +3 / -7.
- As of today’s report, the number of consecutive weeks Change in Stocks were either Up+ or Dn-, and the accumulated change in stocks since the sequence began is: -10 with a cumulative change of -33,310 or -18.9%.
Total Stocks
Measuring the change in stocks over the previous 5- and 10-year periods prior to today’s report, the build+/draw- ratio was +5 / 0 vs. +10 / 0. If a build, the 10-Year average change was +4,162 or if a draw, the average change was N/A with an overall average change of +4,162. Today’s report reflected a draw- of -15.
- Measuring the previous 10-years plus today and ranked high to low, today’s Ending Stocks ranks as number 2 of 11. Ending Stocks are now +116,842 or +16% above the 10-Year average.
- Including today’s report there have been 10 builds+ and 1 draws-. Ranked high to low, this week’s draw- ranks as number 1 of 1.
- As of today’s report, the number of consecutive weeks Change in Stocks were either Up+ or Dn-, and the accumulated change in stocks since the sequence began is: -18 with a cumulative change of -99,696 or -10.4%.
There were 18 exceptions generated by today’s EIA report which are detailed on The Exceptions Report on page 4 of the Petroleum Brief.
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